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To: andre dallaire who wrote (206)	6/4/2001 1:41:42 PM
From: The Osprey	Read Replies (1) \| Respond to of 592

Keep an eye on ONG.V and ONG.wt......they are awaiting a test rig to move onto the well in Souris PEI area that they drilled and cased.Delay has been that the rig had to come from Alberta.I am hearing things looked great during the drilling apart from the problems with the rig they used from Quebec area.I checked insider selling and no indication of insider selling.Stock is cheap and could pop very easily on good results very similar to the way CDH popped in Sussex NB....options that were set were at .63 so this is not far off the market and should represent good upside potential over the next 30 days. The Osprey

To: andre dallaire who wrote (206)	6/4/2001 7:23:26 PM
From: Al Collard	Read Replies (2) \| Respond to of 592

Hi andre, I've never followed GAI-v before. The volume sure looks interesting today with a 52 week high. Not much from the chart but your right the news today sure looks interesting. Definitely one to throw on the ticker. Good luck with it. regards, Al Golden Arch Resources Ltd - News Release Golden Arch No. 7 Wimberly well now on-line Monday Jun 4 2001 News Release Mr. Richard Watson reports Further to the company's news release in Stockwatch dated May 14, 2001, Golden Arch Resources is pleased to report the No. 7 Wimberly well, located in Jack county, Texas, is now on-line selling approximately 300,000 cubic feet of natural gas per day. Production tubing was installed on June 1, 2001. A gas sales line was hooked up, and, the well flowed immediately. The Cumming Co., of Forth Worth, Tex., operates the No. 7 Wimberly and several other recently completed Barnett Shale wells in the vicinity. Cumming considers the No. 7 Wimberly to be a significant Barnett shale discovery, and, within 10 days the partners will commence drilling two offset wells to further develop the Wimberly acreage. Golden Arch recently negotiated certain rights to increase its working interests in the play to 25 per cent and beyond. The company currently holds a 4-per-cent working interest in the No. 7 Wimberly and plans to increase its interests on a "stair step" basis consistent with increasing internal cash flows and outside financing. In an updated status report dated June 1, 2001, project geologist, Keith Shirley of Fort Worth, Tex., advised Golden Arch most of the prospective new acreage offsetting the No. 7 Wimberly and Barnett shale wells surrounding on three sides should be considered as an infill drilling project. Up to 40 wells could be drilled within the area, which, in addition to the Barnett shale, is known for its multiple pays. Golden Arch in conjunction with Cumming had been acquiring leases contiguous to the No. 7 Wimberly which had been previously thought to be highly prospective. Contingent to the success of the next two wells, the partners are gearing up for a 25-well development program for the newly discovered field. The drill program will proceed at a rate of 2.4 wells per month. The Barnett Shale field is located about 40 miles northwest of Fort Worth, Tex., ranges in depth from 6,000 feet to 8,000 feet and averages 550 feet of pay. Based on a 1998 forecast prepared by the U.S. Geological Survey, this extensive gas accumulation was estimated to have an overall 10 trillion cubic feet of recoverable reserves, the equivalent of a 1.67 billion barrel oil field. The use of light sand fracture technology -- forcing massive amounts of water carrying small amounts of sand into the formation -- is driving the development rush in the Barnett. This new technology reduced total well costs by 20 per cent, and more importantly, made it possible to expand the limits of the Barnett Shale field. Barnett Shale production was first established in the Newark East field in Wise and Denton counties, where it grew from less than one billion cubic feet of gas from 25 wells in 1985 to 19.2 billion cubic feet from 306 wells in 1995. During the past five years, production has more than doubled to 189 million cubic feet of natural gas per day from over 500 wells. Current expected recoveries amount to only 8 per cent of the actual gas in place. Golden Arch is presently in negotiations with other companies for participation in this exciting low-risk, high-reward, world-class shale gas production play. In connection with the syndication and development of the company's interests, Golden Arch has retained the services of Malcolm Bell & Associates. In the past Mr. Bell operated a large geological consulting service company in Vancouver, B.C., and is quite familiar with the syndication of regional plays. The company has also reached an agreement with Dale Paruk & Associates to provide investor relation services to the company. Compensation to be paid to both parties is subject to regulatory policies and approval of the Canadian Venture Exchange. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com

To: andre dallaire who wrote (206)	6/8/2001 4:25:04 AM
From: Al Collard	Read Replies (2) \| Respond to of 592

andre, interesting news from GAI-v: Cons Odyssey to acquire Barnett Shale interest Thu 7 Jun 2001 News Release See Consolidated Odyssey Exploration Inc (ODE) News Release Mr. John Thornton reports Consolidated Odyssey Exploration and Golden Arch Resources have reached an understanding pursuant to which Odyssey will have the right to participate in the drilling and development of up to five Barnett Shale wells located in Jack county, Texas, and thereby acquire a 5-per-cent working interest in each well from Golden Arch which itself has the right to acquire a 25-per-cent working interest in the wells to be drilled. In order to earn a 5-per-cent working interest, Odyssey must pay Golden Arch $25,000 (U.S.) for each well it wishes to participate in. In addition, upon successful drilling, completion and production of a minimum of 100,000 million cubic feet per day from each well, Odyssey is required to issue 100,000 common shares in its capital stock to Golden Arch. In order to secure its participation in this program, Odyssey has agreed to advance a refundable deposit of $35,000 to Golden Arch as its initial contribution to the program. Advance of any further funds and the issuance of the shares in Odyssey are subject to execution of a formal agreement, closing of the private placement referred to below and acceptance by the Canadian Venture Exchange. The Barnett Shale field is located approximately 40 miles northwest of Forth Worth, Tex., ranges in depth from 6,000 to 8,000 feet and averages 550 feet of pay. Based on a 1998 forecast prepared by the U.S. Geological Survey, this extensive gas accumulation was estimated to have 10 trillion cubic feet of recoverable reserves over all, equivalent of a 1.67-billion-barrel-of-oil field. The use of light sand fracture technology -- forcing massive amounts of water carrying small amounts of sand into the formation -- is driving the development rush in the Barnett. This new technology reduced total well costs by 20 per cent, and more importantly, made it possible to expand the limits of the Barnett Shale field. Barnett Shale production was first established in the Newark East field in Wise and Denton counties, where it grew from less than one billion cubic feet of gas from 25 wells in 1985 to 19.2 billion cubic feet from 306 wells in 1995. During the past five years, production has more than doubled to 189 million cubic feet of natural gas per day from over 500 wells. Current expected recoveries amount to only 8 per cent of the actual gas in place. The operator of the project is the Cumming Company Inc. (CCI) of Fort Worth, which operates several other recently completed Barnett Shale wells in the vicinity, including the recently completed No. 7 Wimberly. CCI considered the No. 7 Wimberly to be a significant shale discovery and within the next weeks the participants will commence drilling two offset wells to further develop the Wimberly acreage. Golden Arch currently holds a 4-per-cent working interest in the No. 7 Wimberly. Contingent to the success of the next two wells, the participants are preparing for a 25-well development program for the newly discovered field. In addition, Odyssey has negotiated a private placement totalling $125,000 by the issuance of 500,000 units at 25 cents per unit in order to finance its respective portion of the exploration program to earn its 5-per-cent working interest. Each unit will consist of one common share and one share purchase warrant entitling the holder to purchase one additional share at a price of 33 cents per share for a period of two years. A finder's fee of 7.5 per cent is payable by Odyssey in shares on $100,000 of the private placement. The private placement and payment of the finder's fee are subject to closing of the formal participation agreement referred to above and acceptance by the Canadian Venture Exchange. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com